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New Type of War Drone
Chinese scientists have reportedly developed a new type of war drone. The research is a breakthrough in air separation technology. Initially resembling a consumer-grade Chinese DJI multirotor, the drone can quickly split into two, three or even six smaller drones upon reaching the target airspace.
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Read more at News18
Chief Justice of India DY Chandrachud: The Use of Technology in Judiciary
Chief Justice of India DY Chandrachud said the use of technology in judicial work is a task he has taken as his mission. He also discussed the problems of the district courts, reassuring the common man about the rule of the law, his dietary preferences and everything in between. This is because at one level, the institutions run from public revenue so the people have a right to know.
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Read more at NDTV
Prime Minister Narendra Modi: Technology is Making it Harder for Corrupt People to Hide Their Actions
Prime Minister Narendra Modi said technology is making it harder for corrupt people to hide their actions. The Centre is dealing with corrupt people with technology. Today hiding the money trail is very difficult. That is why cash is being recovered from houses of TMC and Congress leaders.
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Read more at CNBCTV18
The Water Crisis in Bengaluru
Bengaluru’s water needs used to be met by surface water sources such as tanks, lakes, wells, and canals. The city receives about 1,460 million litres a day (MLD) of piped water from the Cauvery. This is a crisis caused by a natural calamity, leading to a drought.
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Read more at The Economic Times
KPMG International CEO Brenda Walker Talks to Ruchika
Brenda Walker, global government sector leader, speaks of increased engagement with the government on digitisation, decarbonisation, skilling, and cryptocurrencies. The tenacity and speed at which the government has set out goals to be the third-largest economy in the world is causing a lot of positive traction for it and firms like ours.
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Read more at Business Standard
ASM Technologies Fundraise - Part of its Strategic Objectives to Be a Global Leader in Design-Led Manufacturing
ASM Technologies said it plans to raise Rs 170.1 crore through preferential allotment of equity shares and warrants. The balance of Rs 100.1 crore will be received over the period of 18 months, the company said in a regulatory filing.
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Read more at Moneycontrol
Reserve Bank of India (RBI) - Keep All Banks Dealing With Government Business Open on March 31, 2024
Reserve Bank of India asked the banks to keep their branches dealing with government business open on Sunday, March 31. This initiative aims to facilitate the smooth accounting of all government transactions relating to receipts and payments within the fiscal year 2023-24 itself.
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Read more at CNBCTV18
RBI Directs Banks to Keep Branches Dealing in Govt Business Open on March 31
RBI Directs Banks to Keep Its Branches Dealing in Govt Business to Remain Open on March 31. The last day of the current financial year is a Sunday. Banks are advised to keep all branches dealing with government business open.
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Read more at Times Now
Corporate India Governance Scorecard
Institutional Investor Advisory Services India has been scoring BSE100 companies on governance. I wrote about this in detail in 2017 and alluded to it in context of Hindenburg-Adani report last year. We published the “scores” based on data for FY23 earlier this month.
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Read more at Business Standard
Sebi Exempts Offshore Funds From Naming Investors With Riders
Sebi exempted offshore funds from naming their investors with riders. Any offshore funds with more than 50% of its assets in a group of companies will not have to disclose its investors if the apex company in that group does not have a large shareholder or promoter.
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Read more at Business Today